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Updated: 19 min 20 sec ago

Legal & General partners Munich Re-backed insurtech for 'on-demand' insurance

19 February, 2018 - 10:18
UK's life and general insurance provider Legal & General (L&G) has partnered with US-based insurtech start-up Slice Labs to roll out ‘on-demand’ homeshare insurance.

Saga appoints former Zurich exec as new chair

19 February, 2018 - 10:18
Saga, a UK-based specialist insurer for life after 50, has appointed former Zurich executive Patrick O’Sullivan as chairman with effect from 1 May 2018.

Allianz partners with Cisco, Apple, Aon for cyber solution

19 February, 2018 - 10:18
Allianz, Cisco, Apple and Aon have joined forces to develop a new cyber risk management solution for businesses.

Enstar finalises reinsurance-to-close transaction with Neon

19 February, 2018 - 09:55
Enstar Group-owned Lloyd’s managing agency, StarStone Underwriting has finalised a reinsurance-to-close transaction with Neon Underwriting, according to a Feb. 16 press release.

R&Q completes reinsurance to close of Syndicate 3334

19 February, 2018 - 09:53
Bermuda-based Randall & Quilter (R&Q) has completed a transaction providing capital to support the reinsurance to close (RITC) of Hamilton Underwriting’s Syndicate 3334’s 2014 and prior years of account.

Past US failures make SCOR cautious as it grows US P&C book

19 February, 2018 - 08:00
French reinsurer SCOR wants to grow its property/casualty portfolio in the US, particularly casualty business. But, stung by the mistakes of the past, it is proceeding with caution, Victor Peignet, CEO of SCOR Global P&C, told Intelligent Insurer.

Third party capital means an ‘opportunity’ to offer cheaper reinsurance: AXIS CEO

16 February, 2018 - 10:08
Third party capital can help reinsurers lower the cost of capital and therefore coverage and this should be seen as an attractive business opportunity, according to AXIS Capital CEO Albert Benchimol.

Allianz nat cat costs rise to €1.1bn in 2017

16 February, 2018 - 10:04
Germany’s Allianz saw claims stemming from California wildfires, hurricanes Harvey, Irma and Maria plus European storms and other natural catastrophes rise to €1.1 billion in 2017 compared to €0.7 billion in 2016.

Cyber risk management not keeping up with threat

16 February, 2018 - 10:00
Despite seeing cybersecurity as a top risk management priority, a survey finds out that only few senior executives believe in their organization’s ability to mitigate and respond to a cyber event.

Fairfax 2017 results jump on $1.9bn equity sale despite operating loss

16 February, 2018 - 10:00
Canada-based Fairfax Financial Holdings reported net earnings of $1.74 billion for 2017 compared to a net loss of $512.5 million in the fiscal year 2016.

Navigators reports stable Q4 '17 combined ratio

16 February, 2018 - 10:00
Marine insurance-focused The Navigators Group reported a stable combined ratio for the fourth quarter of 2017 while the ratio climbed in the full year on the back of natural catastrophes.

Everest adds US property VP from Zurich Insurance

16 February, 2018 - 09:59
Everest Re Group has appointed Shaun Safi as vice president in the US property team of Everest Insurance. He joins from Zurich Insurance.

Verisk expands property drone inspection offering with new app

16 February, 2018 - 09:58
Data analytics provider Verisk's business Geomni has enhanced its drone service for properties with the launch of its new mobile app for ground imagery and unmanned aerial vehicle (UAV) inspections.

Rates decline 1.3% for Brit in 2017

16 February, 2018 - 08:38
Specialty re/insurer Brit experienced an overall rate reduction of 1.3 percent in 2017, following a 3.3 percent reduction in 2016.

Lloyd’s chairman warns of LatAm protectionism

15 February, 2018 - 15:27
The rise of protectionism could prevent Latin America becoming one of the biggest insurance markets in the world, Lloyd’s chairman Bruce Carnegie-Brown suggested in a Feb. 15 press release.

Integro expands marine practice in US with senior hire

15 February, 2018 - 15:20
Integro Insurance Brokers has hired Jacquelyn Neal as a principal in the marine practice, based in its San Francisco office.

Microsoft teams up with AI-based underwriting tool provider

15 February, 2018 - 14:15
Microsoft has teamed up with Flyreel, an artificial intelligence (AI)-assisted underwriting solution for commercial and residential properties, according to a Feb. 15 press release.

Insurance brokers on the hook for Brexit deal

15 February, 2018 - 10:06
Insurance intermediaries need to make contingency plans due to Brexit to protect interests of their clients, secure contract continuity and to enable that business continues flowing into London, the London and International Insurance Brokers’ Association (LIIBA) has warned.

NA non-cat programmes renew flat to +5%

15 February, 2018 - 10:01
North American insurance buyers can expect non-catastrophe-exposed programmes’ pricing to be flat to +5 percent, according to Willis Towers Watson’ Property Market Update.

NN Group, Delta Lloyd merger delivers €133m savings in 2017

15 February, 2018 - 10:00
Dutch NN Group’s acquisition of its peer Delta Lloyd has lowered the cost base by €133 million in 2017, according to a Feb. 15 press release.

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